TVPlayer raises £5m from A+E Networks and Beringea to expand distribution
The livestreaming TV platform secured the funding led by A+E Networks to develop its content offering and scale distribution.
TVPlayer operates a livestreaming television platform in the UK that delivers free-to-air and premium pay channels across multiple devices.
TVPlayer has secured £5m in a funding round led by A+E Networks, with participation from existing backer Beringea. The company provides a livestreaming television service in the UK, combining major free-to-air networks with a subscription-based tier of premium channels.
The fresh capital will be directed towards enhancing the platform content library and widening service distribution across the UK market. Management also plans to roll out a substantial marketing push ahead of the Christmas period.
The financing coincides with TVPlayer completing its demerger from parent company Simplestream to operate independently. Founder Adam Smith remains with the business alongside co-founders Lewis Arthur and Dan Finch.
From the founder
"We are very excited about the investment and the backing it provides operationally and financially for the expansion of TVPlayer. TVPlayer has already succeeded in building a first-class content delivery platform and being the first provider in the UK to launch a legal live TV streaming service carrying all of the major channels. With our investors’ support, we look forward to focusing on our efforts on customer acquisition and subscriber growth."
Adam Smith
Founder at TVPlayer
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Invest in sales and marketing
